Qatar well-placed to compete in global LNG markets: IEA - The Peninsula Qatar

Qatar well-placed to compete in global LNG markets: IEA - The Peninsula Qatar:

Qatar’s additional production volume of LNG through expanding its super-giant North Field would be well placed to compete in international LNG markets. 


Following its decision in early 2017 to lift the moratorium on expanding its North Field, Qatar confirmed in February 2018 its intention to expand its LNG capacity from 77Mt to 100Mt (about 135bcm per year) through the construction of three new 7.8 Mt LNG trains. These are expected to come in operation by the end of 2023.

Given Qatar’s very prolific resource basis and low costs, additional volumes from Qatar would be well-positioned to compete in international LNG markets, according to International Energy Agency (IEA).